THELOGICALINDIAN - Following the advertisement from Greenidge Generation Holdings that abundant the aggregation would be announcement a carbonneutral attitude and the firms contempo affiliation with Foundry Greenidge appear on Thursday it is advance profits into a renewable activity advance affairs The aggregation is in the bosom of expediting the cease of a atramentous ash landfill in adjustment to assemble a new solar acreage
Greenidge Invests in Renewable Energy Investment Program
In 2024, the Lockwood Hills landfill in Dresden, New York was purchased by Lockwood Hills LLC, which is a accessory of Greenidge. The armpit has been “safely maintained” over the aftermost seven years, Greenidge claims, and it concluded the use of coal-fired ability at the adjoining ability ability during that time. The advertisement on Thursday says the aggregation affairs to cautiously cap and abutting bottomward the landfill and Greenidge hopes to install “a solar activity beyond the 143-acre armpit that will aftermath up to 5MW of power.”
The bitcoin mining aggregation says that the move is accumbent with the firm’s efforts to beforehand the ambiance in New York. While it is alive on projects like the Lockwood Hills landfill, Greenidge capacity it is purchasing autonomous carbon offsets from U.S. greenhouse gas abridgement projects. Jeff Kirt, CEO of Greenidge, believes bitcoin mining models can beforehand operations in a way that keeps the ambiance safe.
“Bitcoin mining at Greenidge is already a archetypal for the industry in that we are advancing this arising banking belvedere for bodies beyond the apple in a address that absolutely protects our ambiance and drives bread-and-butter advance beyond Upstate New York,” Kirt said in a statement. The move makes renewable activity a absoluteness by leveraging bitcoin mining profits to armamentarium the conception of a new solar acreage at a landfill site, Kirt added.
Greenidge President Says Bitcoin Mining Adds Jobs, Supports Local Community and Can Help the Environment
Greenidge is aloof one of abounding crypto mining projects attempting to rejuvenate the ambiance by transforming business models and removing decay through the process. For instance, Stronghold Digital Mining converts decay atramentous into another activity in adjustment to abundance bitcoin and added cryptocurrencies. At the end of May, EZ Blockchain partnered with a Texas-based oil provider to monetize ashen accustomed gas with bitcoin.
Before Greenidge’s accretion in 2024, the Lockwood Landfill was acceptable to authority atramentous agitation residuals (CCR) and added wastes. Greenidge capacity that it will ensure “the armpit will no best acquire decay of any kind,” add a baptize filtration system, and a abiding engineered film to stop erosion.
“For those of us who grew up and still alive appropriate actuality in the Finger Lakes, the Lockwood Hills landfill has been a connected presence, overlooking Seneca Lake and the Village of Dresden, and article we consistently hoped would eventually not be needed,” Greenidge admiral Dale Irwin said in a statement.
Irwin added that he was admiring that bitcoin mining accessories can not alone actualize jobs and abutment bounded businesses, but crypto mining operations can additionally “facilitate the development of renewable activity at this old landfill site.”
What do you anticipate about Greenidge converting the Lockwood Hills landfill in New York? Let us apperceive what you anticipate about this accountable in the comments area below.
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